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Re: codie post# 75175

Wednesday, 04/29/2015 3:24:20 PM

Wednesday, April 29, 2015 3:24:20 PM

Post# of 80868
codie, don't leave out Pyatt said gross profit (rev minus COGS) would be 33% and it was 23% in Q4.

COGS is exploding in the wrong direction leaving exponentially growing cash losses in the wake.

Now we have desperation deals with multiple products, channels and marketing partners all at one time with zero distribution other than the post office. That might work for Tarek Ali in Timbuktu Michigan but not in the real world. How long did the desperation deal with Sam's and Walmart last that Bellator Exec called to a tee several monthe ago? 1 quarter?

It was pure desperation to cover the declining sales as customers reject the cheap chinese sourced product.